India’s wealthiest man, Mukesh Ambani, may be successful in listing his four-year-old tech commerce-telecom venture, Jio in foreign exchanges, all thanks to $12.5 billion (Rs 92,202 crore) funding raised in just over one and a half months.
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“The second round of investment by Silver Lakes particularly points towards its ambitions of a global IPO, especially when we look at the kind of success the PE group had with Alibaba in 2014. More importantly, it brings Jio deep technology understanding of incumbents and new age industries like e-commerce and the sharing economy,” Sanchit Vir Gogia, CEO and Founder of Greyhound Research wrote in his note.
P.S.: For more information on the recent investments, value that each investor brings to Jio Platforms, engagement with Microsoft, impact on Bharti Airtel, and the challenges the company can expect, read this research report by Greyhound Research.
Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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